EIOPA has launched a public consultation on reassessing natural catastrophe risks in the standard formula (here).
EIOPA´s review of the parameters aims to better capture the risks stemming from perils such as earthquake, flood, hail, and windstorm based on new insights, new data and new models that have come online since the last reassessment in 2018.
As regards the consultation process, stakeholders are invited to provide their feedback via the online survey by the 20th June 2024.
Insurance Europe has prepared the response to EIOPA’s public consultation on the reassessment of natural catastrophe risk charges in the standard formula.